Shovel-ready site located on the Tower Terrace Road extension in Marion, near the Linn-Mar campus. This upscale professional park is home to ESCO Group, YMCA, UnityPoint, and other medical and retail users. Price includes a fully developed, level lot with utilities; fiber connectivity is available via IMON. Site size is flexible, with 2 to 6.7 acres available. Preliminary plat is complete; owner will final plat to a buyer’s specific lot size. The City’s new comprehensive plan designates the area as “MU – Mixed Use. ” This allows for higher-intensity residential development (over 14 units/acre), including stand-alone multifamily or upper-story residential. The commercial component is intended to complement the residential use with services such as medical or dental clinics, personal services, daycare, assisted living, grocery, retail, restaurants, cafes, and more. Mixed-use developments will be evaluated for mobility, layout, and public open space integration.
Vacant landProperty Type
2.9 acresLot Size
$217,800Price/Acres
Listed by Adam Gibbs• GLD Commercial Real Estate Advisors
Shovel-ready site located on the Tower Terrace Rd extension near the Linn-Mar campus. This upscale professional park is home to ESCO Group, YMCA, UnityPoint, & other medical and retail users. Price includes a fully developed, level lot with utilities; fiber connectivity is available via IMON. Site size is flexible, with 2 to 6.7 acres available. Preliminary plat is complete; owner will final plat to buyer’s specific lot size. The City’s new comprehensive plan designates the area as “MU–Mixed Use. ” This allows for higher-intensity residential development (over 14 units/ac), including stand-alone multifamily or upper-story residential. The commercial component is intended to complement the residential use with services such as medical/dental clinics, personal services, daycare, assisted living, grocery, retail, restaurants, cafes, & more. MU developments evaluated for mobility, layout, & public open space integration.
ICAARMLS #202401777
Mar 29, 2024
Listed
$631,620
CRAAR, CDRMLS #1400712
Aug 23, 2023
Relisted
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Aug 8, 2023
Delisted
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Feb 3, 2014
Listed
$1,666,170
ICAARMLS #202103763
Aug 20, 2022
Delisted
—
Jun 25, 2021
Listed
$1,666,170
ICAARMLS #202001042
Feb 3, 2020
Listed
$2,384,910
ICAARMLS #20192789
Apr 30, 2019
Listed
$2,384,910
As the MLS and public records start to fill up, we'll list the details here.
Public record
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Linn County
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LOT 3 TOWER TERRACE RD
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Last updated by owner on Jun 2, 2023.
Historical weather
Marion, IA • 52302
Average low and high temperatures (°F)
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Sun exposure
99/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.3 hrs
6.1 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for Lot 3 Tower Terrace Rd
$545,188
$86K under list price of $632K
Nearby comparable homes
The Redfin Estimate uses 5 recent nearby sales, priced between $333K to $480K.